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Managing risk in the digital era
Sandeep Verma , Global Mining & Metals Risk Advisory Leader , Deloitte US , comments : “ Traditional assurances around risk are no longer effective , boards , investors , and communities expect mining companies to have a forward-looking view on risk … Companies should revisit their approach to risk management ensuring all lines of defence are empowered to manage risk on their behalf .” To stem the tide of issues such as mounting tariffs and sanctions ; potential trade wars ; cyber threats ; uncertain fiscal regimes ; rising costs ; heightened scrutiny from investors ; environmental disasters , and infrastructure breakdowns , mining companies must take a more holistic view with the Internal Audit 3.0 approach .
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